How to Connect Phantom Wallet to Hyperliquid (Step-by-Step Guide)

Phantom

Why Phantom Users Are Moving to Hyperliquid

Phantom started as the go-to wallet for Solana, but it has quietly evolved into one of the most polished multi-chain wallets available. With support for Ethereum, Polygon, Bitcoin, and Base alongside Solana, Phantom now serves over 15 million users across chains. Its clean interface, built-in swap functionality, and mobile app make it a strong alternative to MetaMask — especially for traders who already have it installed.

If you are a Phantom user looking to trade on Hyperliquid, there is one critical detail: you need to use Phantom's EVM mode, not the Solana side. Hyperliquid is an EVM-compatible exchange, so it requires an Ethereum-format wallet address. The good news is that switching takes about five seconds.

Hyperliquid is a non-custodial exchange — your Phantom wallet is your account. No registration, no email, no KYC. Connect your wallet and you are ready to trade.

Prerequisites

Before connecting Phantom to Hyperliquid, make sure you have:

• Phantom browser extension installed and updated to the latest version (multi-chain support requires recent versions)
• EVM mode enabled in Phantom (covered in Step 2 below)
• USDC on the Arbitrum network in your Phantom EVM wallet (for depositing into Hyperliquid)
• A small amount of ETH on Arbitrum (under $1 worth, for the one-time bridge gas fee)
• A supported browser — Chrome, Brave, Firefox, or Edge

Step-by-Step: Connect Phantom Wallet to Hyperliquid

1Install Phantom (If Needed)

If you already have Phantom installed, skip to Step 2.

1. Go to phantom.app/download
2. Select your browser and click "Add to Browser"
3. Confirm the extension installation
4. Phantom will open a setup page — choose "Create New Wallet" or "Import Existing Wallet"
5. If creating new: write your seed phrase on paper and store it somewhere safe and offline
6. Set a strong unlock password

[Screenshot: Phantom wallet setup screen with create/import options]

2Switch Phantom to EVM Mode

This is the most important step. Phantom defaults to Solana, but Hyperliquid requires an EVM-compatible wallet.

1. Click the Phantom icon in your browser toolbar to open the wallet
2. Look at the top of the wallet interface — you will see a network selector (it may show a Solana logo or say "Solana")
3. Click the network/chain selector
4. Select "Ethereum" from the dropdown list
5. Phantom will switch to your Ethereum address — you will notice the address format changes from a Solana-style address (e.g., 7xKX...) to an Ethereum-style address (e.g., 0x4B2...)

[Screenshot: Phantom network selector dropdown showing Ethereum, Solana, Polygon, and Bitcoin options]

[Screenshot: Phantom wallet after switching to Ethereum mode, showing the 0x address]

3Add the Arbitrum Network (If Needed)

Hyperliquid's deposit bridge uses the Arbitrum network. Phantom typically supports Arbitrum out of the box, but if you need to deposit from Arbitrum:

1. While in Ethereum mode, Phantom handles Arbitrum transactions through its multi-network EVM support
2. When Hyperliquid requests a network switch to Arbitrum, Phantom will prompt you to approve it
3. Click "Approve" to allow the network switch

If you need USDC on Arbitrum, you can bridge from Ethereum mainnet or transfer from an exchange that supports Arbitrum withdrawals.

4Connect to Hyperliquid

1. Make sure Phantom is set to Ethereum/EVM mode (from Step 2)
2. Navigate to app.hyperliquid.xyz in your browser
3. Click the "Connect" button in the top-right corner
4. Select "Phantom" from the wallet options (if you do not see Phantom, look for a generic "Browser Wallet" or "Injected" option)
5. Phantom will pop up requesting connection approval — review the site URL and click "Connect"
6. You may be asked to sign a verification message — click "Approve"

[Screenshot: Hyperliquid connection modal with Phantom wallet option]

[Screenshot: Phantom popup showing connection request for app.hyperliquid.xyz]

Your wallet address will now appear in the top-right corner of the Hyperliquid interface. You are connected.

5Apply a Referral Code (Critical — First Connection Only)

When you connect a new wallet to Hyperliquid for the first time, this is your only opportunity to apply a referral code. Our code (Concept211) gives you a 4% discount on all trading fees for the lifetime of your account, up to your first $25 million in volume.

If you connected through our referral link, the code is applied automatically. If you went directly to app.hyperliquid.xyz, check the referral section in your account settings.

6Deposit USDC

With Phantom connected, fund your Hyperliquid account:

1. Click "Deposit" on Hyperliquid
2. Enter the USDC amount you want to deposit
3. Phantom will show the transaction details — review and click "Approve"
4. Wait approximately 1-2 minutes for on-chain confirmation

For a full walkthrough of the deposit process, see our complete USDC deposit guide.

Important: Understanding Phantom's Multi-Chain Architecture

If you are coming from Solana, it is worth understanding how Phantom handles multiple chains, because it directly affects your Hyperliquid experience.

One Seed Phrase, Multiple Addresses

Phantom derives a unique address for each supported blockchain from your single seed phrase. Your Solana address, Ethereum address, and Bitcoin address are all different, but they all trace back to the same recovery phrase. When you connect to Hyperliquid, you are using your Ethereum-derived address.

Separate Balances Per Chain

Your USDC on Solana is not the same as USDC on Arbitrum. If you hold 1,000 USDC on Solana, you cannot directly deposit it into Hyperliquid. You would need to bridge those funds from Solana to Arbitrum first (using a bridge like Wormhole or by withdrawing through an exchange that supports both chains).

The Wallet Address You See Matters

When connected to Hyperliquid, the address shown in the top-right corner should start with "0x". If you see a Solana-format address, you connected in the wrong mode. Disconnect, switch Phantom to Ethereum, and reconnect.

Troubleshooting Common Connection Issues

Phantom Does Not Appear as a Wallet Option

• Verify you are in EVM mode — Open Phantom and confirm the chain selector shows "Ethereum," not "Solana"
• Set Phantom as default — Go to Phantom Settings > Default Wallet and toggle it on
• Disable competing extensions — MetaMask, Rabby, or other EVM wallets may intercept the connection. Temporarily disable them and refresh the page
• Try the "Browser Wallet" option — Some dApps list Phantom under a generic "Injected Wallet" or "Browser Wallet" label

"Wrong Network" Error After Connecting

Phantom connected in EVM mode but Hyperliquid is requesting Arbitrum:

1. When prompted, click "Approve" to allow Phantom to switch to Arbitrum
2. If no prompt appears, open Phantom, and ensure you are on the Ethereum network (Arbitrum is accessible through Ethereum mode)
3. Refresh the Hyperliquid page and try again

Connected with Solana Address by Mistake

If Hyperliquid shows a non-0x address or the connection does not behave as expected:

1. Click "Disconnect" on Hyperliquid
2. Open Phantom and switch to Ethereum mode
3. Reconnect to Hyperliquid
4. Verify the address shown starts with "0x"

Transactions Failing or Stuck

• Confirm you have ETH on Arbitrum for gas fees (even a tiny amount)
• Check that you are approving the correct transaction in Phantom
• Try increasing the gas limit slightly in Phantom's advanced transaction settings

Next Steps

Once your Phantom Wallet is connected to Hyperliquid:

1. Deposit USDC — Bridge funds from Arbitrum into your Hyperliquid trading account
2. Place your first trade — Follow our complete guide from deposit to first position
3. Learn about bridging options — Explore different ways to move funds onto Hyperliquid, including bridging from Solana